Stora Enso's growth opportunities
The forest is our roots. It is sustainable and renewable, and provides considerable value to our customers and their end customers.
Stora Enso is transforming from a traditional paper and board producer to a customer-focused renewable materials growth company. Our focus is on packaging solutions, consumer board, biomaterials and wood construction. While the paper business is declining, it also contributes to the other businesses based on long term customer relationships, R&D investments, production processes and raw material expertise.Fibre-based packaging, plantation-based pulp, innovation in biomaterials and sustainable building solutions are key building blocks.
Fibre-based packaging, including high quality paperboards and recyclable products, offers stable long-term growth in most segments and has great innovation potential.
Plantation-based pulp allows us to secure low-cost fibre for production.
Innovation in biomaterials
In biomaterials, we are developing environmentally-friendly products and solutions which can replace non-renewable materials, as well as innovative products for new markets.
Our high quality building solutions meet growing population and urbanisation trends as well as bring environmental benefits.
Group financial targets*
|Target||Outcome 2014||Outcome 2013||Outcome 2012|
|Dividend||To distribute 50% of net income over the cycle ||0.30||0.30||0.30|
|Operational ROCE, %||>13||9.5||6.5||6.9|
|Net Sales growth excl. Paper||To grow faster than the relevant market|||||||
|Net Debt / Operational EBITDA||<3.0x|||||||
|Fixed Costs / Sales ratio||<20%|||||||
Key divisional financial targets*
|Paper||Free Cash Flow to Net Sales||>7%|
*The targets are defined to be ambitious but reachable within a 5 year planning horizon.